Start Me Up Cup

State Bank


State Bank and Carmel Education Foundation Partner for

Carmel High School “Start Me Up Cup” Event - 

Three Students Receive “Start Up” Grants on May 19, 2023!


"It has been exciting and rewarding to see these young people take their entrepreneurial ideas from concept to business plan and culminate with the pursuit of capital for their business.  We work with business owners every day and serve them as trusted advisors in support of entrepreneurship and investment throughout central Indiana."

State Bank's Hamilton County Market President, Andy Pinegar

CEF Logo

Investing in Carmel Clay students since 1966

CCS Schools

More than 100 students formulated ideas within their Principles of Business Management class. Championed by Josh Shelton, a business teacher at the high school, students learned what is involved in creating a business plan including financial projections, market analysis and sustainability. 

Joshua Goodspeed

Josh Shelton, Carmel High School, Andee Marlee, Loren's AF Beverages, Andy Pinegar, State Bank, Chris Prader, RPM Technologies, Jennifer Penix, Carmel Education Foundation, Jim Badger, State Bank, and David Glynn, CoasterStone awarded State Bank Start Me Up Cup winner Joshua Goodspeed with $2,000 to further his lawn business.

Wyatt Gasche

Wyatt Gasche presenting his "Why We Left" project to the Sharks

Lilliana Cate

Lilliana Cate pitching "Pink Lemon" to Start Me Up Cup Panelists

“The State Bank Start Me Up Cup afforded our students the opportunity to participate in a semester long project culminating in an authentic learning experience that incorporated all facets of the Principles of Business Management class curriculum,” said Joshua Shelton.

Jenn Penix

Jennifer Penix, Executive Director of CEF, is excited about the potential growth of the Start Me Up Cup program and hopes that more Carmel students interested in building out their own business concept will enter the competition next year.  As a parent of young entrepreneurs, she has seen firsthand the positive impact that comes with success, as well the learning that comes in facing challenges any business will inevitably face.  

“I am grateful to work with engaged community members who believe in providing opportunities for students to learn and become successful in whatever path they choose upon graduation,” said Penix. “The Foundation’s mission is to support Carmel students in achievement and lifelong learning, and the Start Me Up Cup is a perfect example of putting our mission to work.”